Ankr, a leading name in blockchain infrastructure solutions, plans to transform blockchain development with its groundbreaking partnership with the XDC Network. Through this partnership, Ankr will integrate the XDC Network into its Remote Procedure Call (RPC) service, making it easier than ever for developers to leverage the full potential of the XDC Network. This integration is poised to revolutionize the way developers build decentralized applications (dApps), with a particular focus on trade finance and real-world asset tokenization use cases.
Billy Sebell, Executive Director of the The XDC network integration with Ankr is an example of our ongoing efforts to support developers with fundamental tools and services needed to easily build applications and access block data with world-class speed and efficiency.”
In a recent development, Securitize, a pioneer in digital securities, has also declared its support for the XDC Network and the US Treasury Yield (USTY) token. The USTY token, based on the XDC Network, is designed to provide cost-effective access to the returns generated by an institutionally managed US Treasury ETF, illustrating the real potential of the XDC Network for asset tokenization.
Unlocking new possibilities for Blockchain applications
Ankr’s XDC RPCs are integral components that connect wallets and dApps to the XDC blockchain. These RPCs serve as messengers and streamline the transfer of on-chain data between XDC nodes, dApps, and end users. There are many possibilities for this integration:
1. Innovation: Ankr’s XDC RPCs eliminate the need for developers to setup and oversee their individual XDC nodes, fundamentally transforming the development process within the XDC network. This groundbreaking approach not only speeds up development, but also ensures developers don’t have to spend valuable hours on node configuration and troubleshooting, significantly improving efficiency.
2. Empower developers: Through the Premium RPC Plan, developers gain immediate access to a formidable range of resources. These resources include fast request speed, increased request priority, global node placements, telemetry, debug mode, a support portal, and WebSocket (WS) capabilities. This comprehensive toolset enables developers to effectively overcome the challenges associated with rapidly developing feature-rich applications on the XDC network.
3. Expand capabilities: Ankr’s RPC service facilitates the exploitation of XDC networking capabilities by applications and open source software, including its speed, security and scalability. This results in the provision of a powerful node cluster, full of the essential data required for dApp development and operation. Such an expansion not only ushers in a realm of new possibilities within blockchain development, but also serves as a gateway to the diverse ecosystem of participants within the XDC Network.
4. Strengthening the XDC network: Ankr’s partnership with the XDC Foundation strengthens the global XDC Network ecosystem. By streamlining development procedures and broadening the scope of distributed node infrastructure, Ankr plays a crucial role in increasing the network’s expansion and influence.
5. Simplifying Blockchain Development: The integration of Ankr’s XDC RPC embodies innovation, empowerment and substantial impact. It streamlines blockchain development, making it more accessible to a wider audience. Ankr’s unwavering commitment to its vision and its users is the driving force behind its mission to transform the blockchain landscape.
Stimulating innovation in blockchain development
With this groundbreaking partnership, Ankr and the XDC Network are poised to reshape the future of blockchain development, bringing real-world asset tokenization and trade finance use cases to the forefront of the industry. This collaboration underlines the continued evolution and innovation within the blockchain space, ultimately benefiting developers, enterprises and end users alike.
Chandler Song, CEO of Ankr, expressed his excitement about this partnership, saying: “Ankr is excited to partner with XDC Network to incentivize developers focused on the important trend of asset tokenization. As the financial industry continues its integration with blockchain technology, enterprises and projects will find an easy way to explore the capabilities of XDC with a fast and reliable RPC connection to the chain.”
Ankr acts as a comprehensive Web3 developer hub, providing a complete toolbox for creating Web3 applications and providing high-quality connectivity to more than 40 blockchains. The offering includes versatile multi-chain dApp development tools, blockchain engineering services, crypto staking solutions and a globally distributed node infrastructure, collectively laying the foundation for these efforts. Ankr’s solutions simplify the process, allowing individuals to create and benefit from the Web3 ecosystem, ultimately contributing to a more decentralized, democratic, and user-driven Internet experience.
The XDC Network is an Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain network. Standing out as an enhanced version of Ethereum, the XDC Network achieves consensus through a delegated proof-of-stake (XDPoS) mechanism, resulting in exceptionally fast transaction times of just two seconds, minimal gas fees, and remarkable transaction throughput. Acclaimed for its robust security, scalability and efficiency, the